Restoration of confiscated property permitted where claimant proves legitimate interest, good faith, and non involvement. The amendment replaces the previous adjudicatory forum with the Special Court and authorises the Special Court, in a prescribed manner, to direct restoration of confiscated property or part thereof to a claimant with a legitimate interest who suffered a quantifiable loss from the money laundering offence, provided the claimant acted in good faith, took all reasonable precautions, and was not involved in the offence.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restoration of confiscated property permitted where claimant proves legitimate interest, good faith, and non involvement.
The amendment replaces the previous adjudicatory forum with the Special Court and authorises the Special Court, in a prescribed manner, to direct restoration of confiscated property or part thereof to a claimant with a legitimate interest who suffered a quantifiable loss from the money laundering offence, provided the claimant acted in good faith, took all reasonable precautions, and was not involved in the offence.
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